UK crypto regulation is coming: Inside the FCA’s sweeping new consultation

The UK is taking a major step toward fully regulating crypto markets.

This week on Byte-Sized Insight, we break down the Financial Conduct Authority’s sweeping new consultation covering crypto exchanges, staking services, lending, and decentralized finance  and what it could mean for the future of the UK crypto industry.

We’re joined by Perry Scott, Head of UK Policy at Kraken and Chair of the UK Cryptoasset Business Council, to unpack what’s actually new in the proposals, why the October 2027 timeline matters and whether regulatory clarity could make the UK more competitive globally.

(00:00) Welcome to Byte-Sized Insight
(00:45) UK launches sweeping crypto consultation
(03:20) Why this is a turning point for UK crypto
(05:00) Perry Scott on the scale of the proposals
(06:45) The 2027 timeline: “the firing gun has been fired”
(08:20) UK vs EU vs US: second-mover advantage
(09:45) Market structure and global liquidity
(11:05) Staking gets bespoke rules
(12:20) Crypto lending: from bans to guardrails
(13:35) How the FCA is approaching DeFi
(15:10) Will regulation drive firms offshore?
(17:20) What comes next for UK crypto

This episode was hosted and produced by Savannah Fortis, @savannah_fortis.

Follow Cointelegraph on X @Cointelegraph.
Check out Cointelegraph at cointelegraph.com.

If you like what you heard, rate us and leave a review!

The views, thoughts and opinions expressed in this podcast are its participants alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.